By Sahid Fawaz

CEOs nowadays have it rough. When they're not busy getting paid almost 400 times as much employees, they are occupied with grabbing obscene golden parachute packages.

According to the CBC News site:

Reports have surfaced "that the former CEO of Target got a total severance and other benefits package worth about the same as the total amount being offered to all 17,600 of the chain’s Canadian employees who will soon be out of work as the company winds down its presence in Canada."

Estimates of his going away package are $61 million, while the combined severance packages for Canadian employees is $56 million.

Runaway corporate greed at its finest.

For more on this, check out the Huffington Post article here.

Get the latest Product Spotlights, labor blogs and more with the Labor 411 enewsletter

Add comment

Latest Comments

Want to get rid of self checkouts? Get rid of the minimum wage that leads to unproductivity of workers making corporations waste t...
Funny, the same people that bash unions will be the same to cry foul when an employer screws them...Unions are the ONLY protection...
Thanks for posting a very revealing and interesting article. Trump is a threat to all Americans but especially working class peopl...
Clearly, paying half of what was promised is shameful, but it would be helpful to know what the standard hourly wage for laborers ...
FOR THOSE OF YOU HERE POSTING ANTI UNION RHETORIC, the next time you get fired from a job JUST BECAUSE they can do it, you will WI...

 

Subscribe

union impact

x

Get the Labor 411 eNewsletter, FREE!

Click the button below to sign up for exclusive product guides, videos, special discounts and more!